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29/08/2017 - 16:33hs

Ras Al Khaimah plans area for Brazilian companies

Executives from the Ras Al Khaimah Economic Zone (RAKEZ) gave a lecture at the Arab Chamber this Tuesday (29). The goal is to attract companies from Brazil, offering the possibility of separate facilities for the country.

São Paulo – The Ras Al Khaimah emirate could build an industrial village to Brazilian and Latin American companies in its economic zone. Executives from the Ras Al Khaimah Economic Zone (RAKEZ) presented to Brazilian entrepreneurs this Tuesday (29), in São Paulo, investment possibilities in areas managed by RAKEZ. RAKEZ is the emirate’s government department responsible for managing the Ras Al Khaimah Free Trade Zone (RAK FTZ) and the Ras Al Khaimah Investment Authority (RAKIA).

Isaura Daniel/ANBA

RAKEZ executives talk with business owners

RAKEZ’s commercial director, Izzat Barakat, and Business Development manager, David Zabinsky, are in Brazil since the weekend for a series of activities and, according to the interview given by Barakat to ANBA, this visit will kick off negotiations on the possibility of a separated area to Brazilian companies. According to the commercial director, for the implementation to move forward, Brazilian companies need to show that they're interested in opening businesses in the zone. Both of them talked in an event by RAKEZ at the Arab Brazilian Chamber of Commerce.

According to data presented by Zabinsky at the Arab Chamber’s headquarters, RAKEZ already hosts 16 Brazilian companies, especially from the consulting, management and sports business sectors. In all, 13,000 companies from over 100 countries are established at the economic zone. From these, 22.7% are from India, 7.4% are from the United Kingdom, 5.5% are from the United Arab Emirates, 5% from Syria, 5% from Pakistan, 4.1% from France, 3.5% from Egypt, among other countries.

RAKEZ aims for the companies to establish themselves in their area and from there do business not only in the UAE, but worldwide, since the region offers many logistics facilitating factors, such as first-class ports. The economic zone offers many models for investments by companies, among them the most basic, the Flexi Facilities, with brings facilities such as trading license, visa and shared office, at the cost of USD 3,675 per year.

Isaura Daniel/ANBA

Zabinsky: advantages of the free trade zone

Another option is called Offices, with offices starting at 12 square meters, and prices starting at USD 6,700. The companies have other options available, such as having a storage and assembly line in the economic zone or even leasing an area to build their plants in the area. Prices for leasing land start at USD 4.9 per square meter.

RAKEZ wants to attract companies from Brazil, regardless if it will build an industrial village for them. “We want Brazilian investors to generate revenues and expand their businesses worldwide,” said Barakat. He underscored to the entrepreneurs the flexibility and possibility of customization in establishing the business, plus the low cost.

Zabinsky pointed out that the Ras Al Khaimah emirate has a diversified economy, with only 5% of its Gross Domestic Product (GDP) relying on the hydrocarbons sector. The economic zone also supplied important works in the UAE, such as the glass used in the Burj Khalifa, the world’s tallest building, and rocks for the artificial island The Palm Jumeirah.

Rodrigo Rodrigues/Arab Chamber

Rubens Hannun opened the event in São Paulo

Besides the two executives from RAKEZ, Mohamed Abdelrahim Al Naqbi, business chargé d’affaires of the General Consulate of the United Arab Emirates in São Paulo, also talked in the event at the Arab Chamber. He pointed out that the UAE are an open country that encourages international investments. According to the consul, the country has in place laws to protect investors. He recalled that the strengthening of relations between Brazil and the UAE resulted recently in the opening of an office in São Paulo by the Dubai Chamber of Commerce and Industry (Dubai Chamber).

At the event’s opening, the Arab Chamber’s president, Rubens Hannun, said that the event is part of the organization’s actions to strengthen Brazil’s relations with the Arab countries. “Everyone knows of the opportunities that there are for Brazilian products in the Arab countries”, said Hannun, underscoring the opportunity presented by RAKEZ.

In an interview, he said that the presentation about RAKEZ is suitable to the current moment, in which Brazilian companies are seeking alternatives abroad. According to the president, the Arab Chamber’s goal is to increase the number of this type of event to present these alternatives to Brazilian entrepreneurs. The Arab Chamber’s CEO, Michel Alaby, added that events such as the one by RAKEZ let the members know about the possibilities of producing, promoting or exporting products at or via free trade zones.

Isaura Daniel/ANBA

Event gathered entrepreneurs and executives

Mohamad Orra Mourad, director of the Arab Chamber, highlighted the fact of the Arab Chamber being approached to host the event and to seek clients to their businesses. “It’s one more organization from the Arab world that contacts the Arab Chamber to open doors in Brazil,” said the director.

According to him, the presentation makes Brazil aware to the fact that the UAE, a small country in territorial and population terms, has two or more free trade zones, while Brazil only has one. “The free trade zone is essential to encourage growth and the trade of goods and services by the country to the rest of the world, Arab or not,” he said.

Also attending the event were the president of the management council of the Arab Chamber, Walid Yazigi, and the organization’s director, Wiliam Atui. Near 80 people attended the lecture.

The lecture will also be given in Belo Horizonte, on August 31, at the Federation of Industries of the State of Minas Gerais (FIEMG). In the occasion, in addition to RAKEZ’s presentation, the CEO of the Arab Chamber will give a lecture on how to negotiate with the Arab countries.

Quick info

Come do business in the Arab world
August 31 (Thursday), from 9 am to noon (seminar), and from 1 pm to 4 pm (individual sessions with booking in advance), at the Federation of Industries of the State of Minas Gerais (FIEMG)
Avenida do Contorno, 4.456, 3rd floor, Funcionários, Belo Horizonte, MG
Information: 55 31 3263-4734 / 4725 or pcomercial@fiemg.com.br
Registrations: https://goo.gl/Cuhwg2

*Translated by Sérgio Kakitani

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